20.500.12556/DKUM-37393 FINANČNA ANALIZA PODJETJA GORENJE V PANOGI GOSPODINJSKIH APARATOV A FINANCIAL ANALYSIS OF THE COMPANY GORENJE IN THE INDUSTRY OF HOUSEHOLD APPLIANCES V diplomskem seminarju smo analizirali poslovanje podjetja Gorenje v letu 2011. Namen dela je oceniti vrednost delnice in tako ugotoviti, ali je podcenjena ali precenjena glede na tečaj. Podjetje smo analizirali s tremi metodami: z metodo diskontiranih denarnih tokov, z dividendno diskontno metodo in metodo primerljivih podjetij. Z zadnjo omenjeno metodo smo Gorenje primerjali s konkurenčnimi podjetji v panogi gospodinjskih aparatov: Arcelikom, Whirlpoolom, Indesitom, Electroluxom in podjetjem Bosch und Siemens Hausgeräte. Izbrali smo določene kazalnike, ki so pomembni iz vidika investitorjev, upnikov, bank, države in konkurenčnih podjetij. Vse podatke za izračun po kazalnikih smo zbrali iz letnih poročil za leto 2011. Pri vsakem kazalniku smo podali obrazložitev, kateri so vzroki, ki vplivajo na uspešnost ali neuspešnost podjetja Gorenje. Na koncu analize smo po vsaki posamezni metodi ocenili vrednost delnice in izračunali povprečje njenih ocen ter ugotovili,kako je Gorenje v resnici res konkurenčno v svoji panogi. In the diploma seminar paper we analysed operations of the enterprise Gorenje in year 2011. The main goal of the paper is to estimate the value of shares and to determine whether they are undervalued or overvalued according to the stock market. To analyse the company three different methods have been used: the discounted cash flow method, dividend discount method and the method of comparable companies. Last method included a comparison between Gorenje and its competitors in the domestic appliance industry: Arcelik, Whirlpool, Indesit, Electrolux and Bosch und Siemens Hausgeräte. We selected certain indicators which are important to investors, creditors, banks, to the government and competition. All data for the calculation of indicators were collected from 2011 annual reports. For each indicator we added an explanation on what might be the reasons for either success or failure of Gorenje, comparing to the mentioned competitors. At the end of every method we estimated the value of shares and finally calculated the average of estimated values of shares to determine whether a share is overvalued or undervalued. In conclusion we give an opinion if and how the company Gorenje is really competitive on the market. Analiza podjetja kazalniki Gorenje diskontiranje primerjava podjetij ocena vrednosti delnice Analysis of an enterprise Indicators Gorenje discounting Comparison of enterprise Estimate the value of shares true true false [T. Jeraj] Slovenski jezik Angleški jezik Delo diplomskega seminarja/zaključno seminarsko delo/naloga 2012-08-29 15:01:19 2012-12-05 13:22:55 2022-04-23 23:06:10 2021-04-17 03:22:01 2012 0 Maribor 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 658.14/.17 11238684 URN:SI:UM:DK:J2JUC1GO UNI_Jeraj_Tanita_2012.pdf UNI_Jeraj_Tanita_2012.pdf 1 FC900331EFD252A92CB04B1EBCDF62B2 92004e0a01be7b806d3ccb86a5da519ddf966c7f20f6f24217195e697ba53ae7 2ade77c0-7c08-11eb-bb7a-00155d0001ca 20.500.12556/dkum/0d9d3dc6-faf0-41cd-aab0-4cf41bf8306d https://dk.um.si/Dokument.php?lang=slv&id=49241 Ekonomsko-poslovna fakulteta 0 0 0